Sale of Retail Warehouse

British Land Co PLC
20 March 2006


                                                                 20 March 2006


                    BRITISH LAND SELLS B&Q RETAIL WAREHOUSE


British Land has sold the freehold interest in B&Q's 122,000 sq ft Warehouse
unit on Portrack Lane, Stockton to DVS for £29.25m, reflecting a net initial
yield of 4.64%.

The property is let for 20 years unexpired at a passing rental of £1,434,722 pa,
reflecting £11.75 per sq ft, with a rent review due in September 2006. The
planning consent is primarily for the sale of DIY goods.

Montagu Evans advised British Land and Barrs Freer Smith represented DVS.


Contacts

The British Land Company PLC:
Bob Bowden                                              020 7467 2892
John Weston Smith                                       020 7467 2899

Finsbury:
Edward Orlebar                                          020 7251 3801







                      This information is provided by RNS
            The company news service from the London Stock Exchange